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Euro Seems Likely to Win Out
During 'Rate' Week

The dollar is likely to fall modestly against the euro this week as meetings of the Federal Reserve and the European Central Bank bring interest rates back into focus.

Both the Fed and the ECB are likely to keep their benchmark interest rates on hold this week. But the ECB is expected to send a clear signal that rates will be lifted in June, while the Fed is expected to continue expressing comfort with standing pat, which rings negative for the dollar.